EFI CEO Guy Gecht is to step down from his operating role at the Company . Mr. Gecht will continue to serve as CEO until his replacement is named, and has committed to working closely with the new CEO to ensure a successful transition. Gecht will remain as a member of the Board of Directors following the CEO change.

"We are grateful for Guy's 19 years as CEO of EFI," said Gill Cogan, Chairman of EFI's Board. "Together with his team, Guy transformed EFI from a single product line and OEM business model , the transition from analog to on-demand digital imaging . He led the expansion into Productivity Software and Industrial Inkjet, which drove EFI's rapid growth to over $1 billion in annual revenues. Guy is only EFI's third CEO in its 30-year history.